Users: Danja Zown: NYMO.png
NYMO.png
The reason why tomorrow will likely be greeted by a general levitation in the market, the $NYMO indicator is well below -80 at this point which has only occured 12 times since 1999. In every instance it was followed by a sharp snap back in the market. As a "face saving move" the interest rate increase has to be perceived well by the broad market (www.danjazown.com).
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